From northpine.com:
The CBS-TV affiliation in Fargo will move to a subchannel, Gray TV announced Friday, matching moves made in two other markets.
The announcement came as Gray closed on its purchase of NBC affiliate KVLY-TV/11.1 (Fargo), along with several other stations in the Dakotas and Nebraska, from Hoak Media. Gray said it would assume Hoak's agreement to operate Parker Broadcasting CBS affiliate KXJB/4.1 (Valley City-Fargo), but that the CBS affiliation would move to a KVLY subchannel within the next few months, pending network approval.
KXJB will then go silent and Gray will work with the Minority Media and Telecommunications Council to find a minority-owned, female-owned, or non-profit organization to buy KXJB. The same applies to KHAS-TV/5.1 (Hastings), KNDX/26 (Bismarck), and KXND/24 (Minot), which all went silent Friday after their programming was moved to Gray stations.
Gray also confirmed that it bought almost all of the non-license assets of KHAS-TV from Hoak and hired KHAS-TV's employees; a similar announcement about buying the assets of KNDX/KXND had already been made.
Gray had originally planned to operate the stations under shared services agreements with Excalibur Broadcasting, which was buying the stations, but the company said Friday the deals have been abandoned amid increased FCC scrutiny of joint sales and shared services agreements.